Challenges Await New NAIC Heads

Law360, New York (January 27, 2009, 12:00 AM EST) -- Amid a new administration and a headquarters move to Washington, D.C., the National Association of Insurance Commissioners has chosen new leaders who will be tasked with handling major regulatory questions for the industry in the coming weeks and months.

The single most pressing issue is no less than the entire future of insurance regulation, New Hampshire Insurance Commissioner Roger Sevigny, the association's new president, said on Wednesday.

Sevigny noted that increased cooperation between the federal government and state regulators is going to be necessary because the...